Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Allstate Corp       

ALLSTATE CORP
My previous session
Most popular
  Report  
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

The Allstate Corporation : Is Your Boat Protected for Winter?

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/18/2013 | 04:49pm EST

Allstate Offers Insurance Advice as Boats Head for Winter Storage

10/18/2013 - NORTHBROOK, Ill.

Fall is an important time for boat owners to knock out some annual maintenance on their boats before they put them away for winter months. Allstate wants boat owners to know it's also a great time for an insurance coverage check-up with an agent to ensure they are maintaining appropriate coverage during the off-season.

There are inaccuracies around insurance coverage for boats that are stored for the winter. One common misperception is that homeowners believe their home insurance will cover a boat that may be damaged while stored. Many insurers, including Allstate, cover only 10 percent of a personal property coverage limit, for items such as a boat or other watercraft, when it is away from the policy holder's residence premises. Typically it also limits property coverage to $1,000. Allstate recommends boat owners keep an insurance policy active to help protect their boat and other watercraft against potential theft and physical damage such as fire, wind, lightning and hail while in storage.

"A yearly boat insurance check-up with an agent is a great opportunity to help the owner make sure they have the right coverage for their needs," said Katie Boyle, Allstate boat line manager. "Many owners have put in significant time, energy and money into their boat. So, it makes sense they would want to protect their investment."

A typical new boat insurance policy is about $23 per month depending on what coverages are included. An insurance agent can help boat owners research the value of their watercraft so they understand exactly what level and type of coverage they need, and consider how they plan on using it for the entire year.

Some important questions to ask are:

  • Do you plan on storing your boat for a portion of the year?
  • Is it used only on weekends and stored out of the water when not in use?
  • Do you plan on bringing significant amounts of fishing equipment and other personal belongings on your trips?

The size and high dollar value of a boat can pose risks that a standard automobile does not and can lead to much greater damage and higher costs to repair if it is involved in an accident. Owners should consider insurance that provides the following types of protection: 

  • Physical damage coverage typically helps protect against theft, vandalism, wind, hail, lightning and fire damage.
  • Liability coverage is needed in the event that the boat owner or a member of the owner's family accidentally injures another person in a covered boating accident.
  • Medical payments coverage can help provide protection for necessary medical expenses for injuries suffered by the boat owner and passengers during an accident.

The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held personal lines insurer, serving approximately 16 million households through its Allstate, Encompass, Esurance and Answer Financial brand names and Allstate Financial business segment. Allstate branded insurance products (auto, home, life and retirement) and services are offered through Allstate agencies, independent agencies, and Allstate exclusive financial representatives, as well as via www.allstate.com, www.allstate.com/financial and 1-800 Allstate®, and are widely known through the slogan "You're In Good Hands With Allstate®." As part of Allstate's commitment to strengthen local communities, The Allstate Foundation, Allstate employees, agency owners and the corporation provided $29 million in 2012 to thousands of nonprofit organizations and important causes across the United States.

# # #

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ALLSTATE CORP
01/17ALLSTATE : 2018 4th Quarter SEC Rule 11AC1-6.
PU
01/15ALLSTATE TO DISCUSS FOURTH QUARTER 2 : 30 a.m. ET
PR
01/08ALLSTATE : Safety Center's Youth-led Teen Safe Driving Campaign, Youth Take Acti..
AQ
01/03THE ALLSTATE CORPORATION : Report
CO
01/02Global reinsurance prices fall despite big catastrophe losses - JLT Re
RE
2018ALLSTATE : to Ring in the New Year with Fan Festivities and Live Concerts Ahead ..
PU
2018ALLSTATE : Elevates Use of Aerial Imagery to Enhance Customer Service
PR
2018ALLSTATE : Report of unscheduled material events or corporate event
PU
2018ALLSTATE CORP : Other Events (form 8-K)
AQ
2018THE ALLSTATE CORPORATION : SEC Filing 8K
CO
More news
Financials ($)
Sales 2018 34 030 M
EBIT 2018 3 436 M
Net income 2018 2 909 M
Debt 2018 -
Yield 2018 2,09%
P/E ratio 2018 10,54
P/E ratio 2019 9,46
Capi. / Sales 2018 0,87x
Capi. / Sales 2019 0,83x
Capitalization 29 574 M
Chart ALLSTATE CORP
Duration : Period :
Allstate Corp Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
 
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 100 $
Spread / Average Target 17%
EPS Revisions
Managers
NameTitle
Thomas Joseph Wilson Chairman, President & Chief Executive Officer
Mario Rizzo Chief Financial Officer & Executive Vice President
Judith A. Sprieser Lead Independent Director
Andrea Redmond Independent Director
Steven Emil Shebik Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
ALLSTATE CORP-0.96%29 574
BERKSHIRE HATHAWAY-1.36%493 875
TOKIO MARINE HOLDINGS INC2.39%34 913
THE TRAVELERS COMPANIES2.73%32 411
THE ALLSTATE CORPORATION3.95%29 574
SAMPO6.22%25 705